Best crypto wallets in Canada are a secure way to store crypto and digital assets. They protect the secret information that gives you control over your crypto, known as private keys. Without these, you can’t access your coins or make transactions. Choosing the best wallet depends on several factors, including how many types of crypto it supports, whether it’s cold or hot, and how easy it is to move crypto offline or into a “cold” wallet for long-term storage.

Hardware wallets (such as the Ledger wallet and Trezor) are gadgets that stay disconnected from the internet and can be used to securely store crypto, reducing vulnerability to hacking. These are generally considered the most secure but can be expensive to set up and use. Some wallets offer multi-party computation, a new form of security that’s gaining traction. The company behind Zengo says it’s the first consumer wallet to employ this technique, which can reduce seed phrases and private keys and eliminate custodial risk.

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Mobile wallets can be safer and easier to use, as you don’t have to keep track of an additional piece of hardware. Exodus Wallet, for example, is one of the top bitcoin wallets in Canada and is free to download. It offers face or touch ID and password protection, making it one of the most secure ways to store crypto. It also lets you exchange coins and tokens within the app, with support for more than 3,500 different blockchains, as well as a QR code scanner for local payments.